Hi reader! Here is my story.
My parents bought this house from bank loan back in the days. It was good and nice for a while but then the interest rate jumped a lot and couldn’t pay it till this day. Half of their salary is taken every month because of this. Not so long ago I joined the big world and started working too. Now they want me to get bank loan and buy the house from them so they can be cleaned from this dept. They say I only have to get the loan and they will pay it for me because the expenses would be lot less, could pay it easily and they could save a lot more money, and from the remaining money, I could start my own business.
So my question is, is this any good idea? Should I do it?